Latest inflation data suggest that the Fed will likely remain conservative in its rate cuts, far short of Trump’s preferred 1% level. Summary U.S. services inflation remained high in August, removing hopes for a higher rate cut The Fed will still likely cut interest rates by 25 basis points, as expected Higher-than expected interest rates
Key Takeaways Nasdaq now requires shareholder approval for firms issuing stock to buy crypto, with non-compliant companies facing suspension or delisting. Strategy, BitMine, SharpLink, and Ethzilla stocks fell alongside Bitcoin’s drop below $110,000, dragging the broader crypto market lower. Crypto-linked stocks fell Thursday after Nasdaq introduced new rules requiring some companies to obtain shareholder approval
A significant development is shaking up the investment world: BlockSpaceForce and Mainnet Capital have officially launched a groundbreaking crypto stock hedge fund. This new Singapore-based initiative aims to secure an impressive $100 million in assets under management (AUM), signaling a robust interest in the evolving digital asset landscape. This fund represents a unique blend of
Kraken acquired Breakout, a prop crypto trading firm. It plans to allow a funded trading plan, where users can apply to invest in crypto using $200,000 in credit. The exchange would retain around 20% of the ensuing gains. Still, Kraken’s community has been a little skeptical, claiming that this acquisition doesn’t have a lot of
Russia’s finance ministry is suggesting easing the requirements for entering the country’s restricted and strictly controlled cryptocurrency market. The proposal to lower the thresholds for granting access to digital assets comes as the country fell to number 10 among crypto adopters. Minfin urges letting more Russians try crypto The Russian Ministry of Finance (Minfin) believes
China Renaissance, once hailed as China’s “M&A King,” is reshaping its future around digital assets. The boutique investment bank approved a $200 million allocation to Web3 in 2025. That includes $100 million invested in BNB Chain’s native token, BNB, through a strategic deal with YZi Labs, formerly Binance Labs. From M&A Legacy to Digital Assets
Strategy shares fell 3.5% after Nasdaq revealed it was beginning to scrutinize how companies raise funds for cryptocurrency purchases. According to The Information, the stock market now requires some companies to obtain shareholder approval before issuing new shares to purchase cryptocurrencies. This could slow the recent trend of crypto-focused companies. Increased scrutiny has led to
The Federal Reserve Board announced Wednesday it will host a conference on payments innovation on October 21, with a focus on emerging technologies in U.S. payment systems. The event will bring together regulators, academics, and industry participants to discuss ways to “innovate and improve the payments system,” per the announcement. “Innovation has been a constant
Venezuela is turning to dollar-pegged cryptocurrencies to shore up its foreign exchange market as US sanctions choke oil revenues and reduce the availability of hard currency. The government has quietly allowed private businesses to buy and sell USDT, a stablecoin issued by Tether that mirrors the US dollar, in a bid to keep trade moving
Biotech firm Portage Biotech is the latest publicly traded firm to shift its focus to a digital asset treasury, securing around $100 million to build a treasury centered on Toncoin (TON)—the asset linked to popular messaging app Telegram and its digital ecosystem. As part of the strategy shift, the firm will be renamed AlphaTON Capital